West Bancorporation, Inc.
- Open
- 27.03
- Day high
- 27.73
- Day low
- 27.03
- Prev close
- 27.27
- Volume
- 40K
- Mkt cap
- $472M
- P/E (TTM)
- 12.3
- EPS (TTM)
- $2.26
- P/B
- 1.7
- P/S
- 2.4
- Yield
- 1.80%
- Per share
- $0.50
West Bancorporation, Inc. (WTBA) is a Financial Services company listed on NASDAQ. The stock is up 48% over the past year. Drillr has 1 published research article covering WTBA.
West Bancorporation, Inc. (WTBA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WTBA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $0.63 | $0.64 | +1.6% | $28M | +0.2% |
| Apr 23, 2026 | $0.59 | $0.61 | +3.4% | $27M | -0.5% |
| Jan 29, 2026 | $0.57 | $0.61 | +7.0% | $23M | -12.4% |
| Oct 23, 2025 | $0.47 | $0.55 | +17.0% | $25M | -1.9% |
| Jul 24, 2025 | $0.45 | $0.47 | +4.4% | $24M | -2.3% |
| Apr 24, 2025 | $0.38 | $0.46 | +21.1% | $23M | +6.0% |
| Jan 23, 2025 | $0.40 | $0.42 | +5.0% | $21M | -4.7% |
| Oct 24, 2024 | $0.31 | $0.35 | +12.9% | $20M | +0.8% |
| Jul 25, 2024 | $0.32 | $0.31 | -3.1% | $20M | +1.5% |
| Apr 25, 2024 | $0.27 | $0.35 | +29.6% | $19M | +0.8% |
| Jan 25, 2024 | $0.31 | $0.29 | -6.5% | $18M | +2.0% |
| Oct 26, 2023 | $0.31 | $0.35 | +12.9% | $19M | -2.0% |
WTBA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 24, 2026 | Sorensen John Kevindirector | Grant | 1,430 | — |
| Apr 24, 2026 | Vaughan Therese Mdirector | Grant | 1,430 | — |
| Apr 24, 2026 | Parson Rosemarydirector | Grant | 1,430 | — |
| Apr 24, 2026 | McMurray Sean Patrickdirector | Grant | 1,430 | — |
| Apr 24, 2026 | GULLING DOUGLAS Rdirector | Grant | 1,430 | — |
| Apr 24, 2026 | Elming Lisa Jdirector | Grant | 1,430 | — |
| Apr 24, 2026 | GAER STEVEN Kdirector | Grant | 1,430 | — |
| Mar 26, 2026 | WINTERBOTTOM BRAD Lofficer: EXECUTIVE VICE PRESIDENT | Tax | 6,162 | $23.71 |
| Mar 26, 2026 | NELSON DAVID Ddirector, officer: CEO & PRESIDENT | Tax | 6,811 | $23.71 |
| Mar 26, 2026 | OLAFSON HARLEEofficer: CHIEF RISK OFFICER | Tax | 6,334 | $23.71 |
| Mar 26, 2026 | FUNK JANE Mofficer: CFO | Tax | 6,033 | $23.71 |
| Mar 26, 2026 | Peters Bradley Pofficer: Executive Vice President | Tax | 6,111 | $23.71 |
| Feb 24, 2026 | FUNK JANE Mofficer: CFO | Grant | 15,000 | — |
| Feb 24, 2026 | OLAFSON HARLEEofficer: CHIEF RISK OFFICER | Grant | 15,000 | — |
| Feb 24, 2026 | Peters Bradley Pofficer: Executive Vice President | Grant | 15,000 | — |
Source: WTBA SEC Form 4 filings, latest Apr 24, 2026. For informational purposes only — not investment advice.
See the full WTBA insider & 13F page →West Bancorporation, Inc. company profile
Overview
West Bancorporation, Inc. (NASDAQ:WTBA) is a regional bank holding company founded in 1893 and headquartered in West Des Moines, Iowa. The company operates through its primary subsidiary, West Bank, providing community banking and trust services across Iowa and Minnesota. With over 130 years of banking history, West Bancorporation has evolved from a local Iowa institution into a multi-state regional bank serving individuals and small-to-medium-sized businesses through nine banking offices concentrated in the Des Moines metropolitan area, Iowa City/Coralville, and four Minnesota locations including Rochester, Owatonna, Mankato, and St. Cloud.
Business
West Bancorporation operates as a traditional community bank focused on commercial real estate lending and relationship banking. The company's core business revolves around accepting deposits from individuals and businesses and lending those funds primarily for commercial real estate projects and business purposes. The bank's loan portfolio, totaling approximately $3 billion, is heavily concentrated in commercial real estate lending, which represents roughly 80% of total loans. This portfolio includes multifamily residential properties (apartment buildings), warehouse and industrial facilities, office buildings, hotels, medical office buildings, and senior care facilities. The remaining 20% consists of commercial and industrial (C&I) loans totaling around $500 million, which includes business lines of credit, term loans for equipment and working capital, and loans for business acquisitions. On the deposit side, West Bank offers traditional banking products including checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). The bank emphasizes gathering core deposits - stable, relationship-based deposits from local businesses and individuals - rather than relying heavily on more expensive wholesale funding sources like brokered deposits. Additionally, West Bancorporation provides trust and wealth management services, administering estates, personal trusts, conservatorships, and agency accounts. The bank also offers modern banking conveniences including internet and mobile banking, treasury management services for business clients, merchant credit card processing, and corporate credit cards.
Competitive moat
West Bancorporation's competitive moat is relatively narrow and primarily based on local market relationships and specialized commercial real estate expertise. The bank's primary advantages include deep knowledge of their specific Iowa and Minnesota markets, long-standing relationships with local developers and business owners, and a reputation for relationship-based banking rather than transactional lending. The bank's relationship banking approach creates some customer stickiness, as commercial borrowers often value having a local decision-maker who understands their market and can provide flexible, personalized service. This is particularly important in commercial real estate lending, where local market knowledge and the ability to quickly evaluate properties and borrowers can be significant advantages over larger, more bureaucratic institutions. However, the banking industry is highly competitive with low barriers to entry for most services. Larger regional and national banks can offer similar products, often with better pricing, more sophisticated technology platforms, and broader service capabilities. Credit unions, online banks, and fintech companies also compete for deposits and certain lending segments. West Bancorporation's geographic concentration in Iowa and Minnesota markets creates both opportunity and risk. While local market knowledge is valuable, the bank lacks diversification and could be significantly impacted by economic downturns in these specific regions. The bank's heavy concentration in commercial real estate lending also creates sector-specific risk that more diversified financial institutions can avoid. The company's small size (approximately $4 billion in assets) limits its ability to invest in technology, offer competitive rates, or absorb credit losses compared to larger competitors. This makes the moat quite fragile and dependent on maintaining strong local relationships and superior service quality.
Risks & safety
West Bancorporation demonstrates moderate financial safety with strong credit quality but typical banking sector leverage. • Solvency and Liquidity: Strong cash position of $211 million, total assets of $4.0 billion, debt-to-equity ratio of 1.65x (typical for banks), positive operating cash flow of $40 million annually • Credit Quality: Excellent loan portfolio performance with zero past-due loans over 30 days, watch list representing only 0.26% of total loans, no credit losses in recent quarters • Valuation Metrics: P/E ratio of 10.7x (reasonable for regional banks), price-to-book ratio of 1.41x, ROE of 3.3% (quarterly), indicating modest profitability • Capital Adequacy: Well-capitalized with equity of $238 million, regulatory capital ratios likely above required minimums (typical for community banks) • Interest Rate Risk: Moderate exposure to rate changes affecting net interest margin, though recent quarters show improving trends as rates stabilize
Recent development
Over the past few years, West Bancorporation has focused on geographic expansion and relationship banking enhancement rather than dramatic strategic pivots. The bank has been steadily expanding its Minnesota presence, opening new facilities in St. Cloud, Mankato, and most recently completing construction of a new facility in Owatonna designed specifically for client and prospect relationship-building events. The bank completed construction of a new headquarters building in West Des Moines in April 2024, reflecting confidence in their Iowa market presence. This facility, along with the Minnesota expansion, represents a significant capital investment in physical infrastructure to support their relationship-banking model. Deposit strategy has become increasingly important, with management successfully growing core deposits by 15.8% in 2024 while reducing reliance on more expensive wholesale funding sources by over $200 million in Q4 2024 alone. The bank has added approximately 30 commercial bankers across their markets to compete more effectively for business deposits and relationships. Credit discipline has remained a cornerstone of their strategy, with management being highly selective in new lending opportunities and maintaining extremely low problem loan levels. The bank has focused on comprehensive banking relationships rather than just loan transactions, seeking borrowers who will also bring significant deposit balances. Recent quarters show improving net interest margin trends as the bank benefits from repricing assets upward while deposit costs have begun to stabilize, positioning them for potentially improved profitability in 2025 as the interest rate environment becomes more favorable.
WTBA company profile · for informational purposes only — not investment advice.
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